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Noble Energy Set to Expand Its Realm

Global Hunter upgraded the energy explorer to Buy from Accumulate.

We are raising our rating on Noble Energy to Buy from Accumulate with a revised price target of $115 (up from $106).

We continue to see outsized growth potential in liquids-rich or high-value gas plays, and like the focus that Noble (ticker: NBL) is showing on its five core areas. Our net asset value (NAV) estimate is up on stronger out-year growth...